4750 Yonge ST #139 Active

Toronto C07,ON M2N 0J6

$ 119000

- Bed

- Bath

700 SqFt


Key Details

Property Type Commercial

Sub Type Sale Of Business

Listing Status Active

Purchase Type For Sale

Square Footage 700 sqft

Price per Sqft $170

MLS Listing ID C11823658

Annual Tax Amount $1,000

Tax Year 2023

Property Description

This well-established restaurant is located in the food court of a bustling Uptown Toronto shopping mall, at the intersection of Yonge Street and Sheppard Avenue. Spanning approximately 700 square feet, the eatery has been generating annual sales of around $450,000. The monthly rent is $7,700 (incl. TMI & HST). The current lease has 1.5 years remaining, with a 5-year renewal option. The restaurant operates six days a week from 12:00 PM to 8:45 PM, offering a manageable schedule. Equipped with a fully functional commercial kitchen, this business offers a stable income stream with minimal overhead costs. The current setup requires only two staff members to run daily operations, allowing the owner to maintain substantial profits. The versatility of the space means it can be easily adapted to serve a variety of cuisines. Due to other commitments, the owner is reluctantly selling this profitable venture. This presents a unique opportunity for a new owner to step into a turnkey operation in a high-traffic location.

Location

Province ON

County Toronto

Community Lansing-Westgate

Area Toronto

Region Lansing-Westgate

City Region Lansing-Westgate

Interior

Cooling Yes

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